It costs Joanna $17,000 to open her new shoe store and then $23 for each pair of shoes she stocks. Joanna decides to charge her customers $45 per pair of shoes. a) What is her Cost Function? b) What is her Revenue Function? c) What is her Profit Function?

Elementary Geometry For College Students, 7e
7th Edition
ISBN:9781337614085
Author:Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:Alexander, Daniel C.; Koeberlein, Geralyn M.
Chapter8: Areas Of Polygons And Circles
Section8.5: More Area Relationships In The Circle
Problem 30E: At the Pizza Dude restaurant, a 12-in. pizza costs 5.40 to make, and the manager wants to make at...
icon
Related questions
Question
It costs Joanna $17,000 to open her new shoe store and then $23 for each pair of shoes she stocks. Joanna decides to charge her customers $45 per pair of shoes.
a) What is her Cost Function?
b) What is her Revenue Function?
c) What is her Profit Function?
d) What is her Break-Even Point?
(a) Joanna's Cost Function is C(x) =
(Do not include the $ symbol in your answer.)
(b) Joanna's Revenue Function is R(x) = .
(Do not include the $ symbol in your answer.)
(c) Joanna's Profit Function is P(x) =
(Simplify your answer. Do not include the $ symbol in your answer.)
(d) Joanna's Break-Even Point is pairs of shoes.
(Type a whole number.)
Transcribed Image Text:It costs Joanna $17,000 to open her new shoe store and then $23 for each pair of shoes she stocks. Joanna decides to charge her customers $45 per pair of shoes. a) What is her Cost Function? b) What is her Revenue Function? c) What is her Profit Function? d) What is her Break-Even Point? (a) Joanna's Cost Function is C(x) = (Do not include the $ symbol in your answer.) (b) Joanna's Revenue Function is R(x) = . (Do not include the $ symbol in your answer.) (c) Joanna's Profit Function is P(x) = (Simplify your answer. Do not include the $ symbol in your answer.) (d) Joanna's Break-Even Point is pairs of shoes. (Type a whole number.)
Expert Solution
steps

Step by step

Solved in 4 steps

Blurred answer
Recommended textbooks for you
Elementary Geometry For College Students, 7e
Elementary Geometry For College Students, 7e
Geometry
ISBN:
9781337614085
Author:
Alexander, Daniel C.; Koeberlein, Geralyn M.
Publisher:
Cengage,
College Algebra
College Algebra
Algebra
ISBN:
9781938168383
Author:
Jay Abramson
Publisher:
OpenStax
Elementary Algebra
Elementary Algebra
Algebra
ISBN:
9780998625713
Author:
Lynn Marecek, MaryAnne Anthony-Smith
Publisher:
OpenStax - Rice University
College Algebra
College Algebra
Algebra
ISBN:
9781305115545
Author:
James Stewart, Lothar Redlin, Saleem Watson
Publisher:
Cengage Learning
Algebra & Trigonometry with Analytic Geometry
Algebra & Trigonometry with Analytic Geometry
Algebra
ISBN:
9781133382119
Author:
Swokowski
Publisher:
Cengage